Due to the stock price plummet,
Yahoo urgently needed emergency funding.
Therefore,
before Monday arrived, Yahoo hurriedly signed a Share Transfer Agreement with Tang Qing, who paid $2.25 billion to acquire a 20% stake in Alibaba.
Once the news broke,
an even more depressing situation for Yahoo occurred.
The stock price continued to fall.
Many analysts believed that Yahoo was selling off assets to survive, but thankfully, Yahoo had a large number of its own circulating stocks, including some held by investment institutions, so the price didn't fall too much.
The trading volume stabilized.
And so did the stock price.
Regrettably,
without further positive news for Yahoo,
the stocks in their hands might become a burden, but Yahoo's executives didn't feel that the company would go under immediately, at least not that quickly.
...
Tang Qing's investment in Alibaba
also became major domestic news.
Now,
